Shares of Disney rose 4.5% Friday, closing to a 38-day high of $106.63, as investors were encouraged by new federal guidelines setting a timetable for when large venues — including theaters and theme parks — could reopen amid the coronavirus pandemic. That boosted Disney’s market capitalization to over $192 billion. And it ended Netflix’s brief
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California’s Gov. Gavin Newsom announced on Friday the formation of an 80-person task force to develop economic recovery strategies amid the ongoing coronavirus pandemic — and that group includes at least one or two well-known Hollywood executives. Disney executive chairman Bob Iger and Apple CEO Tim Cook will participate in the task force, which will
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STX Entertainment is merging Eros International, India’s biggest film studio, to create a new entity named Eros STX Global Corporation. The revamped capital structure includes $125 million of incremental equity from new and existing STX Entertainment equity investors, including TPG, Hony Capital and Liberty Global and a balance sheet that includes a $350 million JP
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It’s the second career (or “career,” in a loose, charitable manner of speaking) that top agent Richard Weitz never would have imagined he’d have, as recently as a month ago. “I’m like a booker,” laughs Weitz, a partner at William Morris Endeavor (WME) and co-head of its scripted television department, still surprised at his dominant
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Netflix chief Reed Hastings and his wife, Patty Quillin, donated $30 million to Gavi Alliance, the nonprofit immunization organization started by the Bill and Melinda Gates Foundation. Geneva-based Gavi announced the cash donation from Hastings and Quillin on Friday, saying it’s the first private-sector contribution toward its drive to raise at least $7.4 billion to
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“Presumption of competence.” This is the catchphrase and underlying philosophy of the work that Benjamin Maixner does as director of programs at Exceptional Minds, a not-for-profit professional training academy and studio designed to prepare individuals on the autism spectrum for careers in the digital arts. Founded in 2012 and with its first class graduating in
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Bon Iver have released “PDLIF” — “Please Don’t Live in Fear” — a new song aimed at supporting health workers on the front lines of the coronavirus pandemic. In an effort to provide essential medical items to health workers, the band is donating 100% of “PDLIF” proceeds to Direct Relief, the humanitarian aid organization coordinating
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Multiple music industry organizations announced today that an agreement has been reached with California Assemblywoman Lorena Gonzalez and Majority Leader Ian Calderon on pending amendments to California’s “Gig Economy” Assembly Bill 5 (AB5) that will provide relief to the majority of affected music professionals, including recording artists, musicians, composers, songwriters and vocalists. Upon the Legislature’s
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Big Thief today released “Demos Vol. 1 – Topanga Canyon, CA – Feb 2018,” a collection of previously unreleased songs from the sessions that spawned the group’s last two albums, “U.F.O.F.” and “Two Hands.” The demos are available to purchase with all proceeds benefiting Big Thief’s touring crew, which, like virtually every music road crew, has been financially stranded by
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Sundance Institute is launching a $1 million fund to support the immediate needs of artists, filmmakers and organizations that share its focus on inclusive storytelling. The non-profit institute, which organizes the Sundance Film Festival, said that one-third of the fund will support Sundance Institute-curated artists. The rest is ear-marked for emergency support for the wider community of independent
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Costume designer Joanna Mae Park and her husband Steven Jones, a production designer, had been working on Netflix’s “Pieces of Her” in Canada in mid-March when television and film productions the world over began rapidly shutting down amid a collective effort to stem the spread of the deadly coronavirus. The couple had moved all the
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